dr. Peter Bogdánffy and dr. Istvan Fedák, as members of the Board of Directors furthermore János Tima and Ákos Veisz as members of the Supervisory Board of CIG Pannonia First Hungarian General Insurance cPlc. (hereinafter: “EMABIT”), resigned today. The resignations does not affect the operability of the Company's subsidiary.

CIG Pannonia Life Insurance Plc. (registered seat: H-1033 Budapest, Flórián tér 1.; company registration number: Cg. 01-10-045857; hereinafter: “Company”) meeting the rules set out in Clause 54 (9) of Act CXX of 2001 on the Capital Market hereby informs the capital market participants on the following.

The Board of Directors of CIG Pannónia Life Insurance Plc. (hereinafter the "Company") convened extraordinary General Meeting for 10 a.m. on 21th December 2019. The agenda is included in the Notice of the invitation to the General Meeting that was announced according to the chapter VIII. 8. of the Company's Articles of Association. The Notice of the invitation to the General Meeting was published on the Company’s website (www.cigpannonia.hu), on the website operated by the Central Bank of Hungary (www.kozzetetelek.hu) and on the website of the Budapest Stock Exchange Private Company Limited by Shares (www.bet.hu) on 20th November 2019.

The Board of Directors of CIG Pannonia Life Insurance Plc.(registered seat: H-1033 Budapest, Flórián tér 1.; hereinafter the "Company") hereby informs the Honourable Shareholders that the extraordinary general meeting of the Company will be held on 21 December 2019 (Satuarday) at 10 am at the Registered seat of the Company (address: 1033 Budapest, Flórián tér 1.).\r\n

CIG Pannónia Life Insurance Plc. increased its premium income by 10 percent, thus reaching HUF 20.11 billion. In the life insurance segment, new acquisitions have increased by half compared to the first three quarters of 2018. Group level operating profit after tax is HUF 354 million loss, and the total comprehensive income is a HUF 463 million gain in the third quarter of 2019, the company's stock exchange flash report informed.

CIG Pannónia Life Insurance Plc. (Registered seat: 1033 Budapest, Flórián tér 1; company registry number: Cg.01-10-045857; hereinafter: the “Company”) hereby notifies its shareholders and the capital market participants that the CIG Pannonia First Hungarian General Insurance cPlc (hereinafter referred to as: EMABIT), 100% subsidiary of the Company dealing with non-life insurance was obligated by the Hungarian National Bank to prepare a recovery plan. In the abovementioned plan to be prepared within two months, the level of solvency capital shall be set at the level covering the needs, or the risk exposure of the subsidiary shall be reduced. 

CIG Pannonia Life Insurance Plc. (registered seat: H-1033 Budapest, Flórián tér 1.; company registry number: Cg.01-10-045857; hereinafter: the “Company”) hereby notifies its shareholders and the capital market participants that the National Bank of Hungary has authorized dr. Gabriella Kádár with its resolution No. H-EN-II-158/2019. to be elected as the Chief Executive Officer (CEO) of CIG Pannonia First Hungarian General Insurance cPlc. (hereinafter: „EMABIT”), 100% subsidiary of the Company, which appointed its CEO by the Meeting of the Board of Directors held on 26 August 2019.

CIG Pannónia Life Insurance Plc. (Registered seat: 1033 Budapest, Flórián tér 1; company registry number: Cg.01-10-045857; hereinafter: the “Company”) hereby notifies its shareholders and the capital market participants that the CIG Pannonia First Hungarian General Insurance cPlc (hereinafter referred to as: EMABIT), 100% subsidiary, of the Company pursuant to point c) Paragraph (1) Section 267 of the Act on Business of Insurance announced today the Hungarian National Bank, that the Copmany found that the solvency margin was 102%. The decrease in solvency capital is due to the increase in Italian risk exposure and the lack of reinsurance coverage. EMABIT currently has adequate liquidity: on 30 September 2019, HUF 9.3 billion liquid investment and a liability and net reserve of HUF 5.7 billion. 

CIG Pannonia Life Insurance Plc. (registered seat: H-1033 Budapest, Flórián tér 1.; company registration number: Cg. 01-10-045857; hereinafter: “Company”) meeting the rules set out in Clause 54 (9) of Act CXX of 2001 on the Capital Market hereby informs the capital market participants on the following.

CIG Pannónia Life Insurance Plc. (Registered seat: 1033 Budapest, Florián ter 1; Company Registration Number: Cg.01-10-045857, hereinafter: “the Company”) hereby notifies its Shareholders and the participants of the capital market the CIG Pannonia First Hungarian General Insurance cPlc, 100% subsidiary, of the Company, in connection with its Italian cross-border activities, the MNB, by its interim measure 24708-42 / 2019 of 22 October 2019, immediately prohibited the enter of new insurance contracts in the guarantee and surety sectors and also the extension of contracts already concluded at its subsidiary, until the completion of an activity-based target investigation, but for a period not exceeding one year.